Examples of productivity measures, Operation Management

Assignment Help:

Examples of Productivity Measures 

Sales ($)/labour costs ($) 

Sales ($)/pay ($) 

Total value of sales (billed) ($)/labour costs($) + investment ($) 

Sales/salespeople 

Value of sales ($)/direct labour + indirect labour + materials + overhead costs 

Total pay/personnel department pay 

Yards of carpet laid/number of carpet layers 

Square metres of floor cleaned/cost of cleaner

Labour productivity/capital productivity  

Labour productivity 

1. units of output per labour hour

2. value added per labour hour 

3. dollar output per labour hour

4. production value per labour dollar

Capital productivity

1. units of output per dollar input

2. dollar output per dollar input

3. inventory turnover (dollar sales/ dollar inventory)

4. Energy productivity 

5. units of output per kilowatt hour 

6. unit of output per energy dollar input

7. production value per barrel of fuel member

Service productivity

1. units of output per overhead hour

2. increased sales (annual)/training (budget) 

3. number of customers served/staff

 


Related Discussions:- Examples of productivity measures

Explain what are your recommendation to resolve this lawsuit, Scenario: Com...

Scenario: Commerce Clause ABC Freightways maintained its principal place of business in Arkansas. However, they provided trucking services in all states west of the Mississippi

Explain task environment and general environment, The relationship between ...

The relationship between a task environment and general environment are best described as? 1. one way system: changes in the task environment affect the general environment but cha

Production control, Production Control After planning the next manageri...

Production Control After planning the next managerial production function is to control the production according to the production plans because production plans cannot be acti

Control charts for variables, Control Charts for Variables  Two comple...

Control Charts for Variables  Two complementary charts are commonly used for the statistical control of process variables. One controls the process mean by monitoring the mean

Assignment, Analyze the strategic role of operations management in terms of...

Analyze the strategic role of operations management in terms of organizational and operational objectives.

Explain responsibility and immediately begin clean-up, MKD Transportation o...

MKD Transportation owns and operates a fleet of container ships and tankers that transport goods around the globe. Company executives have just been contacted by the media with a c

Describe how to do in excel, Can you show how to do in excel? Bowman Bui...

Can you show how to do in excel? Bowman Builders manufactures steel storage sheds for commercial use, Joe Bowman, president of Bowman Builders, is contemplating producing sheds

Explain technical proficiency has never been enough, Evaluate the following...

Evaluate the following statement: Technical proficiency has never been enough for professionals to grow beyond the staff level. Do you agree or disagree, and why? In your own words

Explain worldwide industry environment, Organizations are structured to tak...

Organizations are structured to take advantage of their inherent strengths and also to minimize their inherent weaknesses. For example, an organization may outsource its purchasing

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd